Talos Eurisko Asset Management LP Sells 36,200 Shares of Qorvo, Inc. $QRVO

Talos Eurisko Asset Management LP lessened its position in shares of Qorvo, Inc. (NASDAQ:QRVO) by 18.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,700 shares of the semiconductor company’s stock after selling 36,200 shares during the quarter. Qorvo comprises about 2.8% of Talos Eurisko Asset Management LP’s investment portfolio, making the stock its 14th largest position. Talos Eurisko Asset Management LP owned approximately 0.18% of Qorvo worth $14,728,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Sage Rhino Capital LLC raised its holdings in Qorvo by 4.4% during the 3rd quarter. Sage Rhino Capital LLC now owns 3,758 shares of the semiconductor company’s stock worth $342,000 after purchasing an additional 160 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Qorvo by 4.5% during the third quarter. Versant Capital Management Inc now owns 4,139 shares of the semiconductor company’s stock worth $377,000 after buying an additional 177 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in Qorvo by 1.1% in the third quarter. KLP Kapitalforvaltning AS now owns 18,400 shares of the semiconductor company’s stock valued at $1,676,000 after buying an additional 200 shares during the period. Resonant Capital Advisors LLC boosted its stake in Qorvo by 7.6% in the third quarter. Resonant Capital Advisors LLC now owns 2,881 shares of the semiconductor company’s stock valued at $262,000 after acquiring an additional 204 shares during the last quarter. Finally, Clearstead Advisors LLC raised its position in shares of Qorvo by 93.3% during the 3rd quarter. Clearstead Advisors LLC now owns 431 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 88.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on QRVO. Craig Hallum decreased their price target on shares of Qorvo from $110.00 to $95.00 and set a “buy” rating for the company in a report on Wednesday, January 28th. Piper Sandler restated a “neutral” rating on shares of Qorvo in a report on Wednesday, January 28th. UBS Group lowered their price target on Qorvo from $108.00 to $87.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 20th. Susquehanna reduced their price target on Qorvo from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Qorvo in a report on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and eighteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $93.88.

Qorvo Stock Performance

NASDAQ QRVO opened at $79.46 on Thursday. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.41 and a beta of 1.35. The company has a quick ratio of 2.89, a current ratio of 3.67 and a debt-to-equity ratio of 0.42. Qorvo, Inc. has a twelve month low of $49.46 and a twelve month high of $106.30. The stock has a fifty day simple moving average of $82.46 and a 200 day simple moving average of $86.85.

Qorvo (NASDAQ:QRVO) last released its quarterly earnings results on Tuesday, January 27th. The semiconductor company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.93 by $0.24. Qorvo had a return on equity of 14.57% and a net margin of 9.11%.The firm had revenue of $993.00 million for the quarter, compared to analyst estimates of $984.10 million. During the same quarter in the previous year, the company posted $1.61 EPS. The business’s revenue was up 8.4% on a year-over-year basis. Qorvo has set its Q4 2026 guidance at 1.050-1.350 EPS. Sell-side analysts expect that Qorvo, Inc. will post 4.09 EPS for the current year.

Qorvo Profile

Qorvo, Inc is a leading provider of advanced radio-frequency (RF), analog and mixed-signal semiconductor solutions. The company designs, develops and manufactures a broad portfolio of components and modules that enable wireless and wired connectivity across mobile devices, network infrastructure, defense systems and Internet of Things (IoT) applications.

Qorvo’s product offerings include RF filters, power amplifiers, switches, integrated front-end modules and other custom mixed-signal devices.